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MUMBAI: The Nifty continued to witness a lackluster session on Tuesday following weak cues from Asian peers and in the absence of triggers back home. According to analysts, the Union Budget may provide some momentum to the market in the near term.

At 11:00 am, the 50-share Nifty index was at 5,897.10, down 1.10 points or 0.02 per cent. It touched a high of 5,904.15 and a low of 5,889.35 in trade today. The Sensex was at 19,510.63, up 9.55 points or 0.05 per cent. It touched a high of 19,531.51 and a low of 19,471.19 in trade today.

"The Nifty traded mixed within the range of 5878-5911 and settled with marginal gains in the last session. Prices are holding below the resistance zone of 5,940/5,970 while the overall momentum in daily RSI (14) and MACD (12/26/9) is weak indicating further dips towards 5,800 going forward," said an Aditya Birla Money report.

"However, the said oscillators are turning up and regaining momentum on the hourly charts. Hence a minor recovery towards the said resistance zone seems possible before witnessing such weakness. Only a breach below last Friday's low of 5,853 could continue to keep the sentiment weak negating the recovery possibility," it noted.

The BSE Midcap Index was up 0.51 per cent and the BSE Smallcap Index gained 0.49 per cent.

The BSE Healthcare Index was up 0.69 per cent, the BSE IT Index gained 0.41 per cent, the BSE Power Index moved 0.40 per cent higher and the BSE Auto Index advanced 0.37 per cent. The BSE Metal Index was down 0.11 per cent and the BSE Oil & Gas Index slipped 0.11 per cent.

ACC (2.17 per cent), Ranbaxy Laboratories (1.86 per cent), Cipla (1.65 per cent), ONGC (1.56 per cent) and Ambuja Cements (0.97 per cent) were among top Nifty gainers.

GAIL (1.84 per cent), Bharti Airtel (1.64 per cent), Coal India (1.19 per cent), BPCL (1.13 per cent) and Jaiprakash Associates (0.94 per cent) were among the losers pack.

The market breadth was positive on the NSE with 857 gainers against 536 losers.

The foreign institutional investors bought shares worth Rs 142.91 crore while domestic institutional investors sold equities worth Rs 110.55 crore on Monday as per the provisional data from the National Stock Exchange.

Meanwhile, the Asian markets were mixed as holiday in the US overnight capped gains. The Nikkei 225 was down 0.37 per cent, the Shanghai Composite fell 1.30 per cent and Hang Seng was 0.18 per cent lower. Seoul Composite was up 0.06 per cent, Strait Times gained 0.19 per cent and Taiwan Weighted advanced 0.25 per cent.